LHYAX | High Yield Fund Class A | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

 

High Yield Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 01/26/2023

$6.28

arrowUp$0.01

YTD Returns w/o sales charge as of 01/26/2023

3.20%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.
 

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

 

Yield

Dividend Yield 1 as of 01/26/2023  

w/o sales charge 5.81%
w/ sales charge 5.68%

30-Day Standardized Yield 2 as of 12/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.70% 6.69%

Average Yield to Worst as of 12/30/2022

8.23%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Expense Ratioas of 12/31/2022

Fund Basicsas of 12/30/2022

Total Net Assets
$4.51 B
Inception Date
12/31/1998
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
588
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.88%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge -13.75% -13.75% -1.47% 0.87% 3.82% 5.76%
Lipper Category Avg. High Yield Funds -10.65% -10.65% -0.32% 1.73% 3.23% -
ICE BofA U.S. High Yield Constrained Index -11.16% -11.16% -0.24% 2.11% 3.94% 5.93%
w/ sales charge -15.66% -15.66% -2.20% 0.40% 3.59% 5.66%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge -13.75% -13.75% -1.47% 0.87% 3.82% 5.76%
Lipper Category Avg. High Yield Funds -10.65% -10.65% -0.32% 1.73% 3.23% -
ICE BofA U.S. High Yield Constrained Index -11.16% -11.16% -0.24% 2.11% 3.94% 5.93%
w/ sales charge -15.66% -15.66% -2.20% 0.40% 3.59% 5.66%

Fund Expense Ratio :

0.88%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

RELATED CONTENT

A Powerful Trend That Could Support U.S. High Yield in 2022
December 6, 2021

We expect a surge in “rising stars”—upgrades of U.S. debt issues from high yield to investment grade—over the next two years.

Type Assets
High Yield Bonds
Equity
Bank Loans
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of unsettled transactions.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 12/30/2022 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

21 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

31 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

14 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

12 Years of Industry Experience

Supported By 70 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 01/26/2023  

w/o sales charge 5.81%
w/ sales charge 5.68%

30-Day Standardized Yield 2 as of 12/31/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 6.70% 6.69%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.88%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge -13.75% -13.75% -1.47% 0.87% 3.82% 5.76%
Lipper Category Avg. High Yield Funds -10.65% -10.65% -0.32% 1.73% 3.23% -
ICE BofA U.S. High Yield Constrained Index -11.16% -11.16% -0.24% 2.11% 3.94% 5.93%
w/ sales charge -15.66% -15.66% -2.20% 0.40% 3.59% 5.66%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge -13.75% -13.75% -1.47% 0.87% 3.82% 5.76%
Lipper Category Avg. High Yield Funds -10.65% -10.65% -0.32% 1.73% 3.23% -
ICE BofA U.S. High Yield Constrained Index -11.16% -11.16% -0.24% 2.11% 3.94% 5.93%
w/ sales charge -15.66% -15.66% -2.20% 0.40% 3.59% 5.66%

Fund Expense Ratio :

0.88%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2022 -13.75% -11.16%
2021 6.15% 5.35%
2020 4.49% 6.07%
2019 15.07% 14.41%
2018 -5.15% -2.27%
2017 8.50% 7.48%
2016 15.84% 17.49%
2015 -2.26% -4.61%
2014 3.46% 2.51%
2013 9.69% 7.41%
2012 16.50% -
2011 3.15% -
2010 14.31% -
2009 50.51% -
2008 -23.42% -
2007 2.43% -
2006 9.94% -
2005 1.15% -
2004 10.42% -
2003 21.59% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 - - - - 3.20%
2022 -5.43% -10.72% -1.48% 3.69% -13.75%
2021 1.73% 3.11% 0.63% 0.57% 6.15%
2020 -16.65% 10.72% 5.69% 7.13% 4.49%
2019 7.50% 3.77% 0.28% 2.86% 15.07%
2018 -1.07% -0.04% 2.54% -6.47% -5.15%
2017 2.82% 1.98% 2.45% 1.00% 8.50%
2016 2.01% 5.52% 5.46% 2.05% 15.84%
2015 3.05% 0.86% -4.23% -1.81% -2.26%
2014 2.92% 3.38% -1.83% -0.95% 3.46%
2013 3.97% -1.03% 2.51% 3.99% 9.69%
2012 6.63% 0.36% 5.06% 3.61% 16.50%
2011 3.82% 1.07% -7.02% 5.73% 3.15%
2010 4.93% -0.92% 6.33% 3.40% 14.31%
2009 5.95% 17.32% 14.23% 6.01% 50.51%
2008 -3.43% 1.99% -7.81% -15.68% -23.42%
2007 2.98% 0.17% 0.48% -1.17% 2.43%
2006 2.57% 0.01% 2.80% 4.27% 9.94%
2005 -1.74% 1.49% 0.87% 0.56% 1.15%
2004 1.07% -0.32% 4.34% 5.04% 10.42%
2003 4.06% 8.25% 2.40% 5.41% 21.59%
2002 1.51% -3.59% -3.78% 6.10% -0.10%
2001 5.14% -1.67% -3.99% 6.15% 5.36%
2000 -1.66% 0.99% 0.31% -2.65% -3.01%
1999 3.43% -0.11% -0.81% 3.99% 6.57%
1998 - - - - 0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 07/31/2021

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Bonds
Equity
Bank Loans
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of unsettled transactions.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 12/30/2022

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 9/30/2022

  • We continued to position the Fund in relatively higher quality and more liquid assets. We have focused on adding exposure to the higher quality rating bucket within the high yield cash market. Specifically, we increased Fund exposure to larger, more liquid complexes and targeted shorter duration, secured bonds to further reduce headline risk within the Fund. We primarily added to the Fund’s allocation to BBs as these credits yielded more attractive relative valuations, given the recent widening in spreads from the selloff of more duration sensitive bonds within the high yield universe. We simultaneously reduced CCCs given the ongoing sentiment on increased recessionary risks in the U.S. and global economies. Notably, the Fund finished the quarter underweight CCCs from a risk-adjusted standpoint.
  • Energy continued to be the Fund’s top sector overweight position. The Fund’s exposure in the sector remained primarily in the Exploration & Production subsector. Although WTI crude prices had softened throughout the quarter, we believe that issuers should still be supported by oil prices given the ongoing favorable supply and demand technical, which has been stressed by the European Union ban on Russian oil imports. We also expect the sector to remain supported by ongoing fiscal discipline practiced by management teams. While the Fund remains overweight and constructive on the Energy sector, it is important to note that the high yield energy index continues to trade at tighter spreads than the overall high yield market. As a result, the return profile of that sector should be less of a positive outlier than it has been in the post-COVID-19 period to date. Additionally, we are aware of the potential for moderating energy demand as global growth slows. As such, we modestly reduced exposure specifically to oil field service issuers that generally exhibit higher betas. That being said, we continue to view Energy as a much more defensive sector than in the recent past given the fundamental behavioral changes of companies within it.
  • We reduced the Fund’s cyclical exposure in favor of more defensive sectors. Given the rising recession probabilities, we have reduced the Fund’s overall position in the Basic Industry sector given its more cyclical nature. Reductions were across the board in Metals and Mining, Chemicals and Building Materials subsectors from concerns around global demand and softening commodity prices. We instead had migrated the Fund to a more defensive posture over the quarter, targeting Healthcare and Utilities sectors given their less volatile nature. Within Healthcare, we were particularly constructive in Pharmaceuticals and Health Services companies that exhibit less sensitivity to high wage costs. For Utilities, we added to Electric-Generation and Integrated issuers.
  • The Fund continued to be underweight sectors with excess exposure to consumer spending. We believe that sectors such as Retail and Leisure should continue to face headwinds as inflation continued to rise and weigh on consumer sentiment and potential spending patterns. With respect to retailers, issuers have experienced higher input costs and ongoing supply chain issues, putting pressure on margins as they manage through bloated inventories. Select U.S. consumers have shown signs of curbing consumption on goods given the rising prices, particularly low-end consumers which may experience the effects of inflation more substantially as they have less flexibility to absorb these prices. As for Leisure, the Gaming and Recreation & Travel subsectors have also exhibited sensitivity to rising labor costs. We remained significantly underweight cruise line issuers in this space given their ongoing, repetitive financing needs.
  • Media and Telecommunications sectors remained the Fund’s largest sector underweights. We expect heightened labor costs to continue to be a significant headwind to the Media sector. In recent months we trimmed the Fund’s holdings within the Cable & Satellite TV subsector which we feel is more exposed to these headwinds, particularly as select issuers in this space struggle with subscriptions losses. Within Telecommunications, we expect the sector to continue struggling with secular issues, with traditional wireline companies particularly at risk as their customer base continued to erode.
  • We decreased allocations to out-of-index sectors. While we generally believe that select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity, we decreased the Fund’s allocation to certain off-benchmark sectors and added back to high yield bonds. The reductions were mostly to investment grade bonds and Emerging Market bonds. The Fund maintained slight exposures to bank loans and equities, which we mostly in defensive sectors.

Portfolio Details as of 12/30/2022

Total Net Assets
$4.51 B
Number of Issues
588
Average Coupon
5.45%
Average Maturity
5.96 Years
Average Effective Duration
4.05 Years
Average Yield to Worst
8.23%

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Holding Coupon Maturity Assets
Sprint Capital Corp 6.875% 11/15/2028 1.0%
Occidental Petroleum Corp 6.125% 01/01/2031 1.0%
Tenet Healthcare Corp 4.375% 01/15/2030 0.8%
CCO Holdings LLC / CCO Holdings Capital Corp 4.500% 08/15/2030 0.7%
Jazz Securities DAC 4.375% 01/15/2029 0.7%
CCO Holdings LLC / CCO Holdings Capital Corp 4.750% 03/01/2030 0.7%
Ford Motor Credit Co LLC 2.900% 02/10/2029 0.6%
Altice France SA/France 5.125% 07/15/2029 0.6%
Medline Borrower LP 3.875% 04/01/2029 0.6%
Perrigo Finance Unlimited Co 4.400% 06/15/2030 0.5%
% of Total Assets 7.2%
Holding Coupon Maturity Assets
Sprint Capital Corp6.875% 11/15/20281.1%
Occidental Petroleum Corp6.125% 01/01/20311.0%
Tenet Healthcare Corp4.375% 01/15/20300.8%
CCO Holdings LLC / CCO Holdings Capital Corp4.500% 08/15/20300.7%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.7%
Jazz Securities DAC4.375% 01/15/20290.6%
Ford Motor Credit Co LLC2.900% 02/10/20290.6%
Medline Borrower LP3.875% 04/01/20290.6%
Centene Corp4.625% 12/15/20290.5%
Ford Motor Co3.250% 02/12/20320.5%
Vistra Operations Co LLC4.375% 05/01/20290.5%
NRG Energy Inc3.875% 02/15/20320.4%
Molina Healthcare Inc3.875% 11/15/20300.4%
Talen Energy Supply LLC6.500% 06/01/20250.4%
TransDigm Inc4.625% 01/15/20290.4%
Cheniere Energy Partners LP3.250% 01/31/20320.4%
GS Mortgage Securities Corp Trust 2021-ROSS MZ12.318% 06/15/20260.4%
Gulfport Energy Corp8.000% 05/17/20260.4%
Matador Resources Co5.875% 09/15/20260.4%
Perrigo Finance Unlimited Co4.400% 06/15/20300.4%
American Airlines Inc11.750% 07/15/20250.4%
Colgate Energy Partners III LLC5.875% 07/01/20290.4%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.4%
Post Holdings Inc4.500% 09/15/20310.4%
Virgin Media Secured Finance PLC5.500% 05/15/20290.4%
United Rentals North America Inc3.875% 02/15/20310.4%
Altice France SA/France5.125% 07/15/20290.4%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.4%
180 Medical Inc3.875% 10/15/20290.4%
US 5YR NOTE (CBT) Dec220.000% 01/05/20230.4%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.4%
Laredo Petroleum Inc10.125% 01/15/20280.4%
Vermilion Energy Inc6.875% 05/01/20300.3%
ON Semiconductor Corp3.875% 09/01/20280.3%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.3%
Crowdstrike Holdings Inc3.000% 02/15/20290.3%
PBF Holding Co LLC / PBF Finance Corp7.250% 06/15/20250.3%
Centene Corp3.000% 10/15/20300.3%
AMC Networks Inc4.250% 02/15/20290.3%
Baytex Energy Corp8.750% 04/01/20270.3%
Acadia Healthcare Co Inc5.000% 04/15/20290.3%
Crescent Energy Finance LLC7.250% 05/01/20260.3%
SBA Communications Corp3.875% 02/15/20270.3%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.3%
Sylvamo Corp7.000% 09/01/20290.3%
Ford Motor Credit Co LLC4.000% 11/13/20300.3%
Permian Resources Operating LLC5.375% 01/15/20260.3%
Gray Escrow II Inc5.375% 11/15/20310.3%
Permian Resources Operating LLC6.875% 04/01/20270.3%
Navient Corp6.750% 06/25/20250.3%
Coronado Finance Pty Ltd10.750% 05/15/20260.3%
Ingles Markets Inc4.000% 06/15/20310.3%
Frontier Communications Holdings LLC5.875% 10/15/20270.3%
Civitas Resources Inc5.000% 10/15/20260.3%
Oceaneering International Inc6.000% 02/01/20280.3%
California Resources Corp7.125% 02/01/20260.3%
Atkore Inc4.250% 06/01/20310.3%
Option Care Health Inc4.375% 10/31/20290.3%
Univision Communications Inc7.375% 06/30/20300.3%
Earthstone Energy Holdings LLC8.000% 04/15/20270.3%
Endeavor Energy Resources LP / EER Finance Inc5.750% 01/30/20280.3%
HealthEquity Inc4.500% 10/01/20290.3%
Coeur Mining Inc5.125% 02/15/20290.3%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.3%
CDI Escrow Issuer Inc5.750% 04/01/20300.3%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.3%
Churchill Downs Inc4.750% 01/15/20280.3%
Hilton Domestic Operating Co Inc3.625% 02/15/20320.3%
Western Midstream Operating LP4.300% 02/01/20300.3%
Service Corp International/US3.375% 08/15/20300.3%
Prime Security Services Borrower LLC / Prime Finance Inc3.375% 08/31/20270.3%
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp8.000% 04/01/20290.3%
BEP Ulterra Holdings Inc8.365% 11/26/20250.3%
Lamb Weston Holdings Inc4.125% 01/31/20300.3%
AMN Healthcare Inc4.000% 04/15/20290.3%
DISH DBS Corp5.875% 11/15/20240.3%
Loarre Investments Sarl6.500% 05/15/20290.3%
H&E Equipment Services Inc3.875% 12/15/20280.3%
1011778 BC ULC / New Red Finance Inc4.000% 10/15/20300.3%
Murphy Oil USA Inc3.750% 02/15/20310.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
United Airlines Inc4.625% 04/15/20290.3%
CSC Holdings LLC6.500% 02/01/20290.3%
Ardonagh Midco 2 PLC11.500% 01/15/20270.3%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.3%
Callon Petroleum Co8.000% 08/01/20280.3%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.3%
Apache Corp5.100% 09/01/20400.3%
Synaptics Inc4.000% 06/15/20290.3%
Grifols Escrow Issuer SA4.750% 10/15/20280.3%
TransDigm Inc5.500% 11/15/20270.3%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.3%
LSB Industries Inc6.250% 10/15/20280.3%
Viper Energy Partners LP5.375% 11/01/20270.2%
Apache Corp4.750% 04/15/20430.2%
SM Energy Co6.750% 09/15/20260.2%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.2%
TransDigm Inc6.250% 03/15/20260.2%
Altice France SA/France8.125% 02/01/20270.2%
Elastic NV4.125% 07/15/20290.2%
Sealed Air Corp6.875% 07/15/20330.2%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.2%
Perimeter Master Note Business Trust5.190% 05/15/20270.2%
CQP Holdco LP / BIP-V Chinook Holdco LLC5.500% 06/15/20310.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
Synovus Financial Corp5.900% 02/07/20290.2%
US 10yr Ultra Fut Dec220.000% 12/30/20220.2%
Olin Corp5.000% 02/01/20300.2%
US LONG BOND(CBT) Dec220.000% 12/30/20220.2%
Buckeye Partners LP3.950% 12/01/20260.2%
ModivCare Escrow Issuer Inc5.000% 10/01/20290.2%
Southwestern Energy Co8.375% 09/15/20280.2%
Tenet Healthcare Corp6.125% 10/01/20280.2%
Chord Energy Corp6.375% 06/01/20260.2%
Rockcliff Energy II LLC5.500% 10/15/20290.2%
Roller Bearing Co of America Inc4.375% 10/15/20290.2%
Belo Corp7.250% 09/15/20270.2%
Comstock Resources Inc5.875% 01/15/20300.2%
Air Canada3.875% 08/15/20260.2%
Vmed O2 UK Financing I PLC4.750% 07/15/20310.2%
Berry Petroleum Co LLC7.000% 02/15/20260.2%
Entegris Inc3.625% 05/01/20290.2%
MSCI Inc3.875% 02/15/20310.2%
Kinetik Holdings LP5.875% 06/15/20300.2%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.2%
Catalent Pharma Solutions Inc3.500% 04/01/20300.2%
Performance Food Group Inc4.250% 08/01/20290.2%
Southwestern Energy Co5.375% 02/01/20290.2%
ROBLOX Corp3.875% 05/01/20300.2%
Ingevity Corp3.875% 11/01/20280.2%
1011778 BC ULC / New Red Finance Inc3.500% 02/15/20290.2%
NOVA Chemicals Corp4.250% 05/15/20290.2%
Hecla Mining Co7.250% 02/15/20280.2%
Select Medical Corp6.250% 08/15/20260.2%
Air Methods Corp8.000% 05/15/20250.2%
SPCM SA3.375% 03/15/20300.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.2%
Mueller Water Products Inc4.000% 06/15/20290.2%
Laredo Petroleum Inc7.750% 07/31/20290.2%
Levi Strauss & Co3.500% 03/01/20310.2%
Sunnova Energy Corp5.875% 09/01/20260.2%
TerraForm Power Operating LLC4.750% 01/15/20300.2%
Compass Minerals International Inc6.750% 12/01/20270.2%
Ball Corp2.875% 08/15/20300.2%
Mohegan Gaming & Entertainment8.000% 02/01/20260.2%
Go Daddy Operating Co LLC / GD Finance Co Inc3.500% 03/01/20290.2%
EnerSys4.375% 12/15/20270.2%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.2%
SunCoke Energy Inc4.875% 06/30/20290.2%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.2%
WESCO Distribution Inc7.250% 06/15/20280.2%
Papa John's International Inc3.875% 09/15/20290.2%
Boyne USA Inc4.750% 05/15/20290.2%
SM Energy Co6.625% 01/15/20270.2%
Calpine Corp3.750% 03/01/20310.2%
Peabody Energy Corp5.834% 03/31/20250.2%
Station Casinos LLC4.625% 12/01/20310.2%
Resideo Funding Inc4.000% 09/01/20290.2%
Centene Corp3.375% 02/15/20300.2%
Builders FirstSource Inc6.375% 06/15/20320.2%
Mercer International Inc5.125% 02/01/20290.2%
CSC Holdings LLC4.125% 12/01/20300.2%
EverArc Escrow Sarl5.000% 10/30/20290.2%
US Acute Care Solutions LLC6.375% 03/01/20260.2%
Delta Air Lines Inc3.750% 10/28/20290.2%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
NESCO Holdings II Inc5.500% 04/15/20290.2%
Dycom Industries Inc4.500% 04/15/20290.2%
Hologic Inc3.250% 02/15/20290.2%
PARKWAY GENERATION LLC7.865% 02/18/20290.2%
PRA Group Inc5.000% 10/01/20290.2%
HAT Holdings I LLC / HAT Holdings II LLC3.750% 09/15/20300.2%
TK Elevator US Newco Inc5.250% 07/15/20270.2%
DPL Inc4.350% 04/15/20290.2%
Tenet Healthcare Corp4.250% 06/01/20290.2%
Ford Motor Co6.100% 08/19/20320.2%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.2%
Precision Drilling Corp6.875% 01/15/20290.2%
Pike Corp5.500% 09/01/20280.2%
Picard Midco Inc6.500% 03/31/20290.2%
Owens & Minor Inc6.625% 04/01/20300.2%
Twilio Inc3.625% 03/15/20290.2%
Virgin Media Finance PLC5.000% 07/15/20300.2%
Midcap Financial Issuer Trust6.500% 05/01/20280.2%
Jacobs Entertainment Inc6.750% 02/15/20290.2%
PTC Inc4.000% 02/15/20280.2%
Calpine Corp5.000% 02/01/20310.2%
Owens & Minor Inc4.500% 03/31/20290.2%
Texas Capital Bank NA5.250% 01/31/20260.2%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.2%
M/I Homes Inc4.950% 02/01/20280.2%
SRS Distribution Inc4.625% 07/01/20280.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
ASR Media and Sponsorship SpA5.125% 08/01/20240.2%
Charles River Laboratories International Inc4.250% 05/01/20280.2%
ATS Automation Tooling Systems Inc4.125% 12/15/20280.2%
DT Midstream Inc4.125% 06/15/20290.2%
Darling Ingredients Inc6.000% 06/15/20300.2%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.2%
SCIH Salt Holdings Inc6.625% 05/01/20290.2%
WMG Acquisition Corp3.000% 02/15/20310.2%
Port of Newcastle Investments Financing Pty Ltd5.900% 11/24/20310.2%
Warrior Met Coal Inc7.875% 12/01/20280.2%
Crocs Inc4.125% 08/15/20310.2%
Callon Petroleum Co6.375% 07/01/20260.2%
AG Issuer LLC6.250% 03/01/20280.2%
Cheniere Energy Inc4.625% 10/15/20280.2%
Pactiv LLC7.950% 12/15/20250.2%
CrownRock LP / CrownRock Finance Inc5.000% 05/01/20290.2%
Cablevision Lightpath LLC5.625% 09/15/20280.2%
CNX Resources Corp6.000% 01/15/20290.2%
SeaWorld Parks & Entertainment Inc5.250% 08/15/20290.2%
Cable One Inc4.000% 11/15/20300.2%
Proofpoint Inc6.320% 08/31/20280.2%
Epicor Software Corp6.365% 07/30/20270.2%
MEG Energy Corp5.875% 02/01/20290.2%
Charles River Laboratories International Inc3.750% 03/15/20290.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
Vistra Corp7.000% 06/15/21710.2%
Teva Pharmaceutical Finance Netherlands III BV5.125% 05/09/20290.2%
Comstock Resources Inc6.750% 03/01/20290.2%
Jane Street Group / JSG Finance Inc4.500% 11/15/20290.2%
SPX FLOW Inc8.750% 04/01/20300.2%
Texas Capital Bancshares Inc4.000% 05/06/20310.2%
Bellis Finco PLC4.000% 02/16/20270.2%
Caesars Entertainment Inc4.625% 10/15/20290.2%
Novelis Corp3.875% 08/15/20310.2%
Tap Rock Resources LLC7.000% 10/01/20260.2%
Condor Merger Sub Inc7.375% 02/15/20300.2%
Alta Equipment Group Inc5.625% 04/15/20260.2%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/06/20310.2%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.750% 04/20/20290.2%
Venture Global Calcasieu Pass LLC3.875% 11/01/20330.2%
Beacon Roofing Supply Inc4.125% 05/15/20290.2%
Lamar Media Corp3.750% 02/15/20280.2%
Charles River Laboratories International Inc4.000% 03/15/20310.2%
Patterson-UTI Energy Inc3.950% 02/01/20280.2%
Murphy Oil Corp6.375% 07/15/20280.2%
LABL Inc6.750% 07/15/20260.2%
United States Steel Corp6.650% 06/01/20370.2%
Azul Investments LLP7.250% 06/15/20260.2%
Marriott Ownership Resorts Inc4.500% 06/15/20290.2%
Sabre GLBL Inc9.250% 04/15/20250.2%
Frontier Communications Holdings LLC6.000% 01/15/20300.2%
Kestrel Acquisition LLC7.370% 06/02/20250.2%
Lindblad Expeditions LLC6.750% 02/15/20270.2%
Buckeye Partners LP6.375% 01/22/20780.2%
Welltec International ApS8.250% 10/15/20260.2%
Bloomin' Brands Inc / OSI Restaurant Partners LLC5.125% 04/15/20290.2%
Taseko Mines Ltd7.000% 02/15/20260.2%
American Builders & Contractors Supply Co Inc4.000% 01/15/20280.2%
RIVERBED TECHNOLOGY INC2.000% 12/07/20260.2%
Imola Merger Corp4.750% 05/15/20290.2%
Amsted Industries Inc4.625% 05/15/20300.2%
Northriver Midstream Finance LP5.625% 02/15/20260.2%
Aramark Services Inc5.000% 02/01/20280.2%
Iris Holding Inc10.000% 12/15/20280.2%
Mauser Packaging Solutions Holding Co5.500% 04/15/20240.2%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.2%
Hunt Cos Inc5.250% 04/15/20290.2%
Graphic Packaging International LLC3.500% 03/01/20290.2%
Arcosa Inc4.375% 04/15/20290.2%
Movida Europe SA5.250% 02/08/20310.2%
US Foods Inc4.625% 06/01/20300.2%
AA Bond Co Ltd6.500% 01/31/20260.2%
Pilgrim's Pride Corp4.250% 04/15/20310.2%
CNX Midstream Partners LP4.750% 04/15/20300.2%
DaVita Inc4.625% 06/01/20300.2%
BK LC Lux Finco1 Sarl5.250% 04/30/20290.2%
Compass Power Generation LLC7.398% 04/14/20290.2%
Centene Corp4.250% 12/15/20270.2%
MC Brazil Downstream Trading SARL7.250% 06/30/20310.2%
Global Atlantic Fin Co4.700% 10/15/20510.2%
CORGI BIDCO INC0.000% 09/20/20290.2%
Advanced Drainage Systems Inc6.375% 06/15/20300.2%
Canacol Energy Ltd5.750% 11/24/20280.2%
Alloy Finco Ltd0.500% 03/06/20250.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
Block Inc3.500% 06/01/20310.2%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.1%
Travel + Leisure Co6.625% 07/31/20260.1%
National CineMedia LLC5.875% 04/15/20280.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
Nabors Industries Inc7.375% 05/15/20270.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
EnLink Midstream LLC6.500% 09/01/20300.1%
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV4.750% 06/15/20270.1%
Premier Foods Finance PLC3.500% 10/15/20260.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.375% 06/15/20290.1%
GIBSON BRANDS PRIVATE EQUITY0.000% -0.1%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.1%
Twilio Inc3.875% 03/15/20310.1%
XHR LP4.875% 06/01/20290.1%
Empire Resorts Inc7.750% 11/01/20260.1%
BlueLinx Holdings Inc6.000% 11/15/20290.1%
Grinding Media Inc7.144% 10/12/20280.1%
Range Resources Corp4.750% 02/15/20300.1%
Allison Transmission Inc3.750% 01/30/20310.1%
CNX Resources Corp7.375% 01/15/20310.1%
Buckeye Partners LP4.125% 12/01/20270.1%
SierraCol Energy Andina LLC6.000% 06/15/20280.1%
APi Group DE Inc4.750% 10/15/20290.1%
Hertz Corp/The5.000% 12/01/20290.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Callon Petroleum Co7.500% 06/15/20300.1%
Millennium Escrow Corp6.625% 08/01/20260.1%
Group 1 Automotive Inc4.000% 08/15/20280.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc4.750% 04/30/20270.1%
Gartner Inc3.750% 10/01/20300.1%
Venture Global Calcasieu Pass LLC4.125% 08/15/20310.1%
Victors Merger Corp6.375% 05/15/20290.1%
Seaspan Corp5.500% 08/01/20290.1%
Science Applications International Corp4.875% 04/01/20280.1%
Wabash National Corp4.500% 10/15/20280.1%
Centene Corp2.500% 03/01/20310.1%
Howmet Aerospace Inc5.950% 02/01/20370.1%
Penn Virginia Holdings LLC9.250% 08/15/20260.1%
SRS Distribution Inc6.000% 12/01/20290.1%
Weatherford International Ltd6.500% 09/15/20280.1%
Great Lakes Dredge & Dock Corp5.250% 06/01/20290.1%
Boyd Gaming Corp4.750% 06/15/20310.1%
Minerals Technologies Inc5.000% 07/01/20280.1%
CPV Shore Holdings LLC6.870% 12/29/20250.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
Kosmos Energy Ltd7.500% 03/01/20280.1%
Allegiant Travel Co7.250% 08/15/20270.1%
Everi Holdings Inc5.000% 07/15/20290.1%
FMG Resources August 2006 Pty Ltd6.125% 04/15/20320.1%
Carriage Purchaser Inc7.875% 10/15/20290.1%
Post Holdings Inc4.625% 04/15/20300.1%
SRM Escrow Issuer LLC6.000% 11/01/20280.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
ATI Inc5.125% 10/01/20310.1%
PG&E Corp5.000% 07/01/20280.1%
Fluor Corp4.250% 09/15/20280.1%
ASP Unifrax Holdings Inc5.250% 09/30/20280.1%
APi Group DE Inc4.125% 07/15/20290.1%
MSCI Inc3.625% 11/01/20310.1%
NortonLifeLock Inc7.125% 09/30/20300.1%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.1%
Cullinan Holdco Scsp4.625% 10/15/20260.1%
MHP Lux SA6.250% 09/19/20290.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp5.875% 06/30/20290.1%
Venture Global Calcasieu Pass LLC3.875% 08/15/20290.1%
Forestar Group Inc3.850% 05/15/20260.1%
Range Resources Corp8.250% 01/15/20290.1%
Outfront Media Capital LLC / Outfront Media Capital Corp4.250% 01/15/20290.1%
Arconic Corp6.125% 02/15/20280.1%
Bread Financial Holdings Inc4.750% 12/15/20240.1%
Carrols Restaurant Group Inc5.875% 07/01/20290.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
Valvoline Inc3.625% 06/15/20310.1%
Southwestern Energy Co5.700% 01/23/20250.1%
Darling Ingredients Inc5.250% 04/15/20270.1%
United Airlines Inc4.375% 04/15/20260.1%
LSF11 A5 HoldCo LLC6.625% 10/15/20290.1%
BellRing Brands Inc7.000% 03/15/20300.1%
Clean Harbors Inc4.875% 07/15/20270.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Silgan Holdings Inc4.125% 02/01/20280.1%
Full House Resorts Inc8.250% 02/15/20280.1%
BCPE Empire Holdings Inc7.625% 05/01/20270.1%
Scotts Miracle-Gro Co/The4.000% 04/01/20310.1%
Cullinan Holdco Scsp4.625% 10/15/20260.1%
Oregon Clean Energy LLC6.865% 03/01/20260.1%
Kontoor Brands Inc4.125% 11/15/20290.1%
Glaukos Corp0.000% -0.1%
Hilton Domestic Operating Co Inc3.750% 05/01/20290.1%
Nabors Industries Inc5.750% 02/01/20250.1%
Engineered Components & Systems LLC8.756% 08/02/20280.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
SCIH Salt Holdings Inc4.875% 05/01/20280.1%
Standard Industries Inc/NJ3.375% 01/15/20310.1%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Howard Hughes Corp/The5.375% 08/01/20280.1%
USIC Holdings Inc9.615% 05/14/20290.1%
VistaJet Malta Finance PLC / XO Management Holding Inc7.875% 05/01/20270.1%
BCP V Modular Services Finance II PLC4.750% 11/30/20280.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Ahead DB Holdings LLC6.625% 05/01/20280.1%
Clearway Energy Operating LLC3.750% 02/15/20310.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.1%
Bukit Makmur Mandiri Utama PT7.750% 02/10/20260.1%
MGM Resorts International4.625% 09/01/20260.1%
WMG Acquisition Corp3.750% 12/01/20290.1%
Carpenter Technology Corp7.625% 03/15/20300.1%
Wendy's International LLC7.000% 12/15/20250.1%
Western Midstream Operating LP5.500% 02/01/20500.1%
Jaguar Land Rover Automotive PLC4.500% 10/01/20270.1%
MSCI Inc3.250% 08/15/20330.1%
ZoomInfo Technologies LLC/ZoomInfo Finance Corp3.875% 02/01/20290.1%
Maxar Technologies Inc7.750% 06/15/20270.1%
Foot Locker Inc4.000% 10/01/20290.1%
Hess Midstream Operations LP5.125% 06/15/20280.1%
MIWD Holdco II LLC / MIWD Finance Corp5.500% 02/01/20300.1%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.1%
Pinewood Finance Co Ltd3.625% 11/15/20270.1%
Tank Holding Corp8.784% 03/31/20280.1%
Sealed Air Corp5.000% 04/15/20290.1%
American Airlines Group Inc3.750% 03/01/20250.1%
PLT VII Finance Sarl4.625% 01/05/20260.1%
International Game Technology PLC5.250% 01/15/20290.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
ACBL HLDG CORP0.000% -0.1%
Geopark Ltd5.500% 01/17/20270.1%
Compass Minerals International Inc4.875% 07/15/20240.1%
Mineral Resources Ltd8.000% 11/01/20270.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op5.375% 04/15/20270.1%
Bristow Group Inc6.875% 03/01/20280.1%
Golden Goose SpA5.196% 05/14/20270.1%
Howmet Aerospace Inc3.000% 01/15/20290.1%
White Cap Buyer LLC6.875% 10/15/20280.1%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.1%
Century Aluminum Co7.500% 04/01/20280.1%
Syneos Health Inc3.625% 01/15/20290.1%
Aspen Technology Inc0.000% -0.1%
American Axle & Manufacturing Inc5.000% 10/01/20290.1%
Penske Automotive Group Inc3.750% 06/15/20290.1%
Coinbase Global Inc3.375% 10/01/20280.1%
EFS Cogen Holdings I LLC6.620% 10/01/20270.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc10.750% 06/01/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.1%
AI Candelaria Spain SA7.500% 12/15/20280.1%
Entegris Escrow Corp4.750% 04/15/20290.1%
Live Nation Entertainment Inc4.750% 10/15/20270.1%
Shockwave Medical Inc0.000% -0.1%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.1%
Murphy Oil USA Inc4.750% 09/15/20290.1%
UPC Broadband Finco BV4.875% 07/15/20310.1%
Madison IAQ LLC4.125% 06/30/20280.1%
SS&C Technologies Inc5.500% 09/30/20270.1%
Booz Allen Hamilton Holding Corp0.000% -0.1%
Commercial Metals Co4.125% 01/15/20300.1%
Vita Coco Co Inc/The0.000% -0.1%
Calpine Corp4.625% 02/01/20290.1%
Gap Inc/The3.875% 10/01/20310.1%
Molina Healthcare Inc3.875% 05/15/20320.1%
VICI Properties LP / VICI Note Co Inc4.125% 08/15/20300.1%
Minerva Merger Sub Inc6.500% 02/15/20300.1%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.1%
Alnylam Pharmaceuticals Inc1.000% 09/15/20270.1%
Graphic Packaging International LLC3.500% 03/15/20280.1%
Live Nation Entertainment Inc3.750% 01/15/20280.1%
VZ Secured Financing BV5.000% 01/15/20320.1%
GFL Environmental Inc3.500% 09/01/20280.1%
Vermilion Energy Inc0.000% -0.1%
Sarepta Therapeutics Inc1.500% 11/15/20240.1%
Karuna Therapeutics Inc0.000% -0.1%
Life Time Inc5.750% 01/15/20260.1%
Pediatrix Medical Group Inc5.375% 02/15/20300.1%
Brown-Forman Corp0.000% -0.1%
Dave & Buster's Inc7.625% 11/01/20250.1%
Aegea Finance Sarl6.750% 05/20/20290.1%
Sotheby's7.375% 10/15/20270.1%
Enphase Energy Inc0.000% 03/01/20280.1%
Celsius Holdings Inc0.000% -0.1%
Occidental Petroleum Corp6.450% 09/15/20360.1%
Perimeter Master Note Business Trust8.130% 05/15/20270.1%
Archer-Daniels-Midland Co0.000% -0.1%
Bath & Body Works Inc6.625% 10/01/20300.1%
Lamb Weston Holdings Inc0.000% -0.1%
Ormat Technologies Inc2.500% 07/15/20270.1%
Holly Energy Partners LP / Holly Energy Finance Corp6.375% 04/15/20270.1%
HUB International Ltd7.000% 05/01/20260.1%
Rite Aid Corp8.000% 11/15/20260.1%
VistaJet Malta Finance PLC / XO Management Holding Inc6.375% 02/01/20300.1%
Xometry Inc1.000% 02/01/20270.1%
Hershey Co/The0.000% -0.1%
Punch Finance PLC6.125% 06/30/20260.1%
Armor Holdco Inc8.500% 11/15/20290.1%
Cytokinetics Inc3.500% 07/01/20270.1%
Range Resources Corp4.875% 05/15/20250.1%
Boise Cascade Co4.875% 07/01/20300.1%
Kennedy-Wilson Inc5.000% 03/01/20310.1%
IRB Holding Corp7.000% 06/15/20250.1%
Intrepid Potash Inc0.000% -0.1%
Shift4 Payments LLC / Shift4 Payments Finance Sub Inc4.625% 11/01/20260.1%
Coinbase Global Inc3.625% 10/01/20310.1%
Portland General Electric Co0.000% -0.1%
Otter Tail Corp0.000% -0.1%
Douglas GmbH6.000% 04/08/20260.1%
Party City Holdings Inc8.750% 02/15/20260.1%
Cedar Fair LP5.250% 07/15/20290.1%
Silk Road Medical Inc0.000% -0.1%
NSG Holdings LLC / NSG Holdings Inc7.750% 12/15/20250.1%
Builders FirstSource Inc4.250% 02/01/20320.1%
Garden Spinco Corp8.625% 07/20/20300.1%
Foundation Building Materials Inc6.000% 03/01/20290.1%
Madison IAQ LLC5.875% 06/30/20290.1%
TransJamaican Highway Ltd5.750% 10/10/20360.1%
Party City Holdings Inc6.625% 08/01/20260.1%
Minsur SA4.500% 10/28/20310.1%
Tullow Oil PLC10.250% 05/15/20260.1%
Occidental Petroleum Corp7.500% 05/01/20310.1%
Bombardier Inc6.000% 02/15/20280.1%
Booz Allen Hamilton Inc4.000% 07/01/20290.1%
Nordstrom Inc4.375% 04/01/20300.1%
United States Steel Corp6.875% 03/01/20290.1%
Maravai Intermediate Holdings LLC5.553% 10/19/20270.1%
Doncasters US LLC9.615% 03/06/20240.1%
Ulker Biskuvi Sanayi AS6.950% 10/30/20250.1%
UTEX INDUSTRIES0.000% -0.1%
PRA Health Sciences Inc2.875% 07/15/20260.1%
Pinewood Finance Co Ltd3.625% 11/15/20270.1%
William Carter Co/The5.625% 03/15/20270.1%
Sri Lanka Government International Bond5.875% 07/25/20220.1%
CLAIRES HOLDINGS0.000% -0.1%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.1%
UC HOLDINGS INC.0.000% -0.1%
Kernel Holding SA6.500% 10/17/20240.1%
Elwood Energy LLC8.159% 07/05/20260.1%
OneMain Finance Corp4.000% 09/15/20300.1%
Antero Resources Corp7.625% 02/01/20290.1%
Afflelou SAS4.250% 05/19/20260.1%
Lorca Telecom Bondco SA4.000% 09/18/20270.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
Summer BC Bidco B LLC5.500% 10/31/20260.1%
VUE INTERNATIONAL BIDCO PLC0.000% 07/03/20260.1%
Clarios Global LP6.750% 05/15/20250.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.750% 06/15/20290.1%
Avis Budget Car Rental LLC / Avis Budget Finance Inc4.750% 04/01/20280.1%
Shimao Group Holdings Ltd5.200% 01/16/20270.1%
Peabody Energy Corp6.375% 03/31/20250.1%
Trinseo Materials Operating SCA / Trinseo Materials Finance Inc5.125% 04/01/20290.0%
Vistra Operations Co LLC5.625% 02/15/20270.0%
ACBL HLDG CORP0.000% -0.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
Logan Group Co Ltd4.500% 01/13/20280.0%
Block Inc2.750% 06/01/20260.0%
FirstEnergy Corp4.400% 07/15/20270.0%
Sunac China Holdings Ltd5.950% 04/26/20240.0%
Calpine Corp5.250% 06/01/20260.0%
FX USD/GBP 12/220.000% 12/08/20220.0%
CHINOS INTERMEDIATE HLDGS A IN9.000% 09/10/20270.0%
BRITAX CHILD SAFETY INC.0.000% 03/31/20250.0%
Braskem Idesa SAPI7.450% 11/15/20290.0%
Chesapeake Energy Corp6.750% 04/15/20290.0%
Kernel Holding SA6.750% 10/27/20270.0%
New Frontera Holdings LLC16.674% 07/28/20260.0%
Credit Default Swap1.000% 12/20/20270.0%
Matterhorn Telecom SA4.000% 11/15/20270.0%
Logan Group Co Ltd5.250% 02/23/20230.0%
PARKWAY GENERATION LLC7.865% 02/18/20290.0%
Inter Media and Communication SpA6.750% 02/09/20270.0%
ZipRecruiter Inc5.000% 01/15/20300.0%
Sunac China Holdings Ltd6.500% 01/10/20250.0%
Chemours Co/The5.375% 05/15/20270.0%
ACBL HLDG CORP0.000% -0.0%
Waste Pro USA Inc5.500% 02/15/20260.0%
ESC 144A HERTZ CORP0.000% 01/15/20280.0%
VUE INTERNATIONAL BIDCO P L C0.000% 06/30/20270.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
Zhenro Properties Group Ltd7.350% 02/05/20250.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
New Frontera Holdings LLC5.174% 07/28/20280.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
TNT CRANE AND RIGGING0.000% -0.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
FX USD/GBP 12/220.000% 12/08/20220.0%
FX GBP/USD 12/220.000% 12/08/20220.0%
REVLON ROLL UP0.000% -0.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
FGI Operating Co LLC13.674% 05/16/20230.0%
FX USD/CAD 10/220.000% 10/20/20220.0%
FX GBP/USD 12/220.000% 12/08/20220.0%
SM Energy Co5.625% 06/01/20250.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
SABLE/BIGHORN LLC UNITS0.000% -0.0%
Earthstone Energy Inc0.000% -0.0%
FX GBP/USD 12/220.000% 12/08/20220.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
TNT CRANE AND RIGGING0.000% -0.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
FRONTERA GENERATION0.000% -0.0%
Tonon Luxembourg SA6.500% 10/31/20240.0%
Washington Mutual Bank / Debt not acquired by JPMorgan6.875% 06/15/20110.0%
Dutch Lion BV11.250% 06/15/20200.0%
EURO-BUND FUTURE Dec220.000% 12/12/20220.0%
FX USD/EUR 12/220.000% 12/12/20220.0%
MIRABELA NICKEL LTD.1.000% 09/16/20440.0%
PERSIMMON MIDCO LLC0.000% -0.0%
Revlon Consumer Products Corp0.000% 06/30/20250.0%
FX EUR/USD 12/220.000% 12/12/20220.0%
FX EUR/USD 12/220.000% 12/12/20220.0%
FX CAD/USD 10/220.000% 10/20/20220.0%
FX CAD/USD 10/220.000% 10/20/20220.0%
FX CAD/USD 10/220.000% 10/20/20220.0%
FX EUR/USD 12/220.000% 12/12/20220.0%
FX CAD/USD 10/220.000% 10/20/20220.0%
FX CAD/USD 10/220.000% 10/20/20220.0%
CPI Swap0.010% 09/30/20230.0%
CPI Swap0.010% 07/01/20230.0%
CPI Swap0.010% 06/01/20230.0%
CPI Swap0.010% 01/15/20240.0%
Credit Index Swap5.000% 12/20/20270.0%
CPI Swap0.010% 10/03/2027-0.1%
US 10YR NOTE (CBT)Dec220.000% 12/30/2022-0.1%
US ULTRA BOND CBT Dec220.000% 12/30/2022-0.2%
US 2YR NOTE (CBT) Dec220.000% 01/05/2023-0.2%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 12/30/2022

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Energy arrowDown3.2%
^^ -
Leisure arrowUp1.8%
Banking arrowUp0.2%
Insurance 0.0%
Automotive arrowUp0.2%
Technology & Electronics arrowDown0.1%
Services arrowDown0.3%
Telecommunications arrowUp0.5%
Real Estate arrowDown0.2%
Financial Services arrowDown0.3%
Basic Industry arrowUp1.1%
Media arrowDown0.1%
Utility arrowUp0.2%
Healthcare arrowDown1.8%
Retail arrowUp0.8%
Other 0.0%
Transportation 0.0%
Capital Goods arrowUp1.3%
Consumer Goods arrowUp0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 01/26/2023
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2022 $0.03039 $6.11
Daily Daily 11/30/2022 $0.03101 $6.20
Daily Daily 10/31/2022 $0.02903 $6.11
Daily Daily 09/30/2022 $0.03001 $5.98
Daily Daily 08/31/2022 $0.03139 $6.28
Daily Daily 07/31/2022 $0.03107 $6.46
Daily Daily 06/30/2022 $0.03123 $6.16
Daily Daily 05/31/2022 $0.03159 $6.67
Daily Daily 04/30/2022 $0.03145 $6.72
Daily Daily 03/31/2022 $0.03234 $7.00
Daily Daily 02/28/2022 $0.03138 $7.11
Daily Daily 01/31/2022 $0.03006 $7.25

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2023
Daily Daily 02/28/2023
Daily Daily 03/31/2023
Daily Daily 04/30/2023
Daily Daily 05/31/2023
Daily Daily 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 - $0.0100 $0.0100 $7.45
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/26/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $6.42
$100,000 to $249,999 1.75% 1.50% $6.39
$250,000 to $499,999 1.25% 1.00% $6.36
$500,000 to $999,999 0.00% 1.00% $6.28
$1,000,000 to $5,000,000 0.00% 1.00% $6.28

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

Expense Ratioas of 12/31/2022

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015
Publish Date:11/03/2015
n/a
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2021, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2022. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field